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sebastian.soik

ETHBTC nearing long-term trendline

Panjang
Ethereum / Bitcoin (POLONIEX:ETHBTC)  
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POLONIEX:ETHBTC   Ethereum / Bitcoin
Trend Analysis
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trendanalysis
ETH looks interesting on the weekly. Since BTC keeps on going the lower trendline is close. An double top pattern in Bitcoin price followed by a consolidation could trigger a fund movement from BTC to Alts.
Komen:
The trendline looks correctly placed. It also acts as a support as expected.

But I don't like the shape. I expected a longer candle that would confirm the support. At the moment it doesn't provide any useful information.

2 more days to close this candle. Maybe we get some signal during the weekend.
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.